Business or profession?
This query is : Resolved
26 July 2013
Dear all,
software development should be classified as business or profession?
as per income tax act business includes trade, commerce or manufacture and adventure in nature of trade commerce or manufacture.
pls advice as early as possible as its urgnt.
Thnks
software development should be classified as business or profession?
as per income tax act business includes trade, commerce or manufacture and adventure in nature of trade commerce or manufacture.
pls advice as early as possible as its urgnt.
Thnks
26 July 2013
it fall under profession
26 July 2013
If assessee is an individual and a qualified engineer, then it is PROFESSION , otherwise consider as BUSINESS.
26 July 2013
Thnks
but how it can depend on type of person i.e. individual or corporate
nd its educational qu
alifucation?
pls xplain
but how it can depend on type of person i.e. individual or corporate
nd its educational qu
alifucation?
pls xplain
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- ITR 4 and Bank transactions
- TDS AND ITR ISSUE
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
